Sliders UK undertakes MBO

Ian Longbottom, chairman, Sliders UK
Ian Longbottom, chairman, Sliders UK
Ian Longbottom, chairman, Sliders UK
Ian Longbottom, chairman, Sliders UK

Sliders UK has formed a new senior management team as part of a management buy-out.

The new structure sees Alex Murphy, previously operations director, step up to a new role as chief executive officer. Ian Longbottom and Steve Mines remain in their respective roles, as chairman and sales director, joined by finance director, Jonathan Foxcroft. Richard Harris and Russell Pryor also join the business as retained consultants.

Ian Longbottom, chairman, Sliders UK, said: “We have ambitions for significant long term growth and are already 18-months along the road towards it. This includes not only the creation of our new management structure as announced today but also the major investment which has already been delivered in our manufacturing capability.

“With increased capacity, even better quality and service and with some very exciting product developments on the horizon, we believe that the market offers considerable opportunity for sustained growth– our own but most importantly, that of our customers.”

The restructure, completed in April, sees Mike Spain, who co-founded Sliders UK, leave the business.

Sliders UK reported that year-on-year, sales were up 16% on the same time last year at the end of 2016. It said this had been underpinned by new products, including the Ultimate Evolution and Sliders UK’s new Duraflex bi-folding doors, plus growth in composite door sales.

Sales of composite doors were also boosted by the specialist manufacturer’s investment in its new line. This means that Sliders UK can offer composite doors in five-days or less.

Product development has also formed a key part of Sliders UK’s growth strategy. This includes the launch of the Ultimate Evolution aluminium bi-fold door in late summer last year.

Longbottom concluded: “The product innovation that we have delivered so far delivers incredible opportunity to our customers.

“We believe that the range, the service levels and the quality that we’re able to offer from a single specialist supplier, delivers a real advantage and that that and the team and strategy which we now have in place, represent a strong foundation for our future growth and that of our customers.”

www.sliders-uk.com

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